Here’s a quick rundown of Wednesday’s after-hours action: Facebook (FB) beat third-quarter expectations, with revenue up 41% and earnings up 33%. The social media giant said daily active users rose 17% to 1.01 billion. Ad revenue jumped 45% to $4.3 billion. Shares rose 3% late. Qualcomm (QCOM) earnings dropped 28%, and revenue fell 18%, but both beat estimates. The Apple (AAPL) chip supplier’s first-quarter guidance was light. Qualcomm stock
Happy with the 64% Q3 sales growth reported late Tuesday, Zendesk (ZEN) investors bid up the young stock 8.7% Wednesday, to 22.89, its best close since Aug. 5. Earlier in the session, Zendesk stock rose as much as 14.7% to a more than four-month high. The growing developer of cloud-based software-as-a-service (SaaS) platforms that help organizations use customer data boosted its client list in posting Q3 revenue of $55.7 million. The customer data
Facebook maintained its strong momentum with third-quarter earnings that topped expectations and set a record, as daily active users surpassed 1 billion for the first time. The social media giant reported revenue of $4.5 billion, beating the consensus estimate of $4.37 billion and rising 40.6% from the same quarter a year earlier. Excluding the impact of year-over-year changes in foreign-exchange rates, total revenue would have